Hi Matthew
Completely agree with everything Cherie has said, the minimum for Special Rates is $2 however the Minister can determine another amount by instrument (Section 548(3)(b)).
The only limitation for a Special Rate is that it cannot fund Domestic Waste Management (Section 495).
If council’s proposal is to apply for an SV for a period of one or more years you will need to be mindful of the implications when it finishes, you will need to reduce your permissible by the $300k plus any general variation percentages applied each year to it.
Also, there are changes to special rates in the amendment Act that allow councils to apply a Special Rate without an IPART approved variation. They are limited to joint infrastructure projects with other levels of government.
Regards,
Andrew
